CreditAccess Grameen share price jumped nearly 10 percent intraday on Thursday after the company posted healthy loan growth in most geographies in its interim business update for February 2025.
Shares of CreditAccess Grameen Ltd touched an intraday high of Rs 1,009.85 per share on the NSE, rising 9.74 percent. The stock had opened with a gain of 2.17 percent today. The scrip has been moving higher for the last three trading sessions.
Over 1.5 lakh new borrowers were added in the first two months of the calendar year (January and February), with the Gross Loan Portfolio (GLP) reaching Rs 25,395 crores.
Karnataka region saw lower growth, however, that was partially offset by the positive business momentum led by healthy loan portfolio growth across all geographies.
Moneycontrol earlier reported that brokerage Goldman Sachs' suggestted that the collection efficiency for lenders in the state of Karnataka has dropped to 87-95% in February.
This fall comes following the implementation of an ordinance banning unregulated activities in the microfinance space. According to the brokerage, collection efficiency for lenders has sharply dropped due to liquidity squeeze and potential moral hazard. This, in turn, has led to some collateral damage for formal players. Further, microfinance disbursements are also slowing down due to incremental stress.
Out of all MFI players, the brokerage expects CreditAccess Grameen to be most exposed.
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